Becoming an ATT member can be exciting and it could be the start of a very rewarding career. However, once you are an ATT member there are several things that you need to do. The first is to ensure that you are covered by the right insurance policy. Professional indemnity insurance is mandatory for ATT members and so you will want to look for a good ATT insurance quote as soon as possible.
Getting a Good ATT Insurance Quote
In order to get a good ATT insurance quote, you first need to know the level of cover that you need. Generally all professional indemnity insurance policies will cover you for defamation, data/document loss, negligence, breach of confidentiality and injury/damages. However, there are varying levels of cover that you can benefit from and your ATT insurance quote will differ depending upon how much cover you would like.
Perhaps you would like to include added legal expense cover. Or maybe you would like liability excess cover? When you apply for an insurance quote, usually you will notice that there is an excess that you need to pay before the insurance will help. This varies from insurer to insurer and so you should keep this in mind when looking for a quote. Generally the more excess needed, the lower the quote will be. If you require additional cover then obviously the quote will be higher.
You will have to specify the amount of cover that you are looking for when you apply for an ATT insurance quote. This means that before you apply you will need to have some idea of how much cover you will need. Keep in mind that compensation payouts can potentially be hundreds of thousands of pounds. However, generally the average payout will be up to £50,000. It all depends upon the mistake made and how badly it affected the third party. As you cannot predict the type of mistake or problem that could occur, you have to make as close a guess as possible as to how much cover you will need.
Overall when it comes to getting an ATT insurance quote you should ideally know what you are looking for. Will basic cover be enough for you or would you prefer to add any additional extras?